OFG Bancorp Company Profile (NYSE:OFG)

About OFG Bancorp (NYSE:OFG)

OFG Bancorp logoOFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. The Company provides these services through various subsidiaries, including a commercial bank, Oriental Bank; a securities broker-dealer, Oriental Financial Services Corp. (Oriental Financial Services); an insurance agency, Oriental Insurance, LLC (Oriental Insurance), and a retirement plan administrator, Oriental Pension Consultants, Inc. (OPC).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Money Center Banks
  • Sub-Industry: Regional Banks
  • Symbol: NYSE:OFG
  • CUSIP: 67103X10
  • Web: www.orientalbank.com
  • Market Cap: $428.48 million
  • Outstanding Shares: 43,947,000
Average Prices:
  • 50 Day Moving Avg: $11.00
  • 200 Day Moving Avg: $12.41
  • 52 Week Range: $7.60 - $14.48
  • Trailing P/E Ratio: 9.26
  • Foreward P/E Ratio: 8.63
  • P/E Growth: 1.11
Sales & Book Value:
  • Annual Revenue: $301.12 million
  • Price / Sales: 1.42
  • Book Value: $17.19 per share
  • Price / Book: 0.57
  • Annual Dividend: $0.24
  • Dividend Yield: 2.5%
  • Net Margins: 13.98%
  • Return on Equity: 8.00%
  • Return on Assets: 0.89%
  • Debt-to-Equity Ratio: 0.19%
  • Current Ratio: 0.88%
  • Quick Ratio: 0.85%
  • Average Volume: 266,621 shs.
  • Beta: 1.53
  • Short Ratio: 16.54

Frequently Asked Questions for OFG Bancorp (NYSE:OFG)

What is OFG Bancorp's stock symbol?

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp announced a quarterly dividend on Friday, February 24th. Shareholders of record on Friday, March 31st will be given a dividend of $0.06 per share on Monday, April 17th. This represents a $0.24 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Wednesday, March 29th. View OFG Bancorp's Dividend History.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) released its quarterly earnings results on Friday, April, 21st. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The business earned $93.69 million during the quarter, compared to analysts' expectations of $87.50 million. OFG Bancorp had a return on equity of 8.00% and a net margin of 13.98%. During the same quarter last year, the business posted $0.24 earnings per share. View OFG Bancorp's Earnings History.

When will OFG Bancorp make its next earnings announcement?

OFG Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, July, 20th 2017. View Earnings Estimates for OFG Bancorp.

Where is OFG Bancorp's stock going? Where will OFG Bancorp's stock price be in 2017?

1 analysts have issued 12-month price objectives for OFG Bancorp's stock. Their predictions range from $14.00 to $14.00. On average, they anticipate OFG Bancorp's stock price to reach $14.00 in the next twelve months. View Analyst Ratings for OFG Bancorp.

Who are some of OFG Bancorp's key competitors?

Who owns OFG Bancorp stock?

OFG Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.89%), Dimensional Fund Advisors LP (8.48%), FMR LLC (5.81%), State Street Corp (3.98%), JPMorgan Chase & Co. (3.32%) and LSV Asset Management (3.01%). Company insiders that own OFG Bancorp stock include Carlos Souffront, Cesar A Ortiz, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Josen Rossi, Julian Inclan, Maritza Arizmendi, Pedro Morazzani, Radames Pena and Rafael Martinez. View Institutional Ownership Trends for OFG Bancorp.

Who sold OFG Bancorp stock? Who is selling OFG Bancorp stock?

OFG Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Schneider Capital Management Corp, JPMorgan Chase & Co., Wellington Management Group LLP, Morgan Stanley, Goldman Sachs Group Inc., California Public Employees Retirement System, Renaissance Technologies LLC and Schroder Investment Management Group. Company insiders that have sold OFG Bancorp stock in the last year include Carlos Souffront, Ganesh Kumar, Jose Rafael Fernandez, Julian Inclan and Radames Pena. View Insider Buying and Selling for OFG Bancorp.

Who bought OFG Bancorp stock? Who is buying OFG Bancorp stock?

OFG Bancorp's stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., State Street Corp, LSV Asset Management, American Century Companies Inc., AQR Capital Management LLC, Bank of America Corp DE, Bank of New York Mellon Corp and Russell Investments Group Ltd.. Company insiders that have bought OFG Bancorp stock in the last two years include Cesar A Ortiz, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Josen Rossi, Julian Inclan, Maritza Arizmendi, Pedro Morazzani, Radames Pena and Rafael Martinez. View Insider Buying and Selling for OFG Bancorp.

How do I buy OFG Bancorp stock?

Shares of OFG Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of OFG Bancorp stock cost?

One share of OFG Bancorp stock can currently be purchased for approximately $9.75.

Analyst Ratings

Consensus Ratings for OFG Bancorp (NYSE:OFG) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $14.00 (43.59% upside)

Analysts' Ratings History for OFG Bancorp (NYSE:OFG)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/13/2017Keefe, Bruyette & WoodsReiterated RatingHold$14.00HighView Rating Details
4/26/2016Piper Jaffray CompaniesReiterated RatingNeutral$7.50 -> $9.50N/AView Rating Details
4/25/2016Merion Capital GroupBoost Price TargetOutperform$6.75 -> $9.75N/AView Rating Details
10/6/2015Jefferies Group LLCLower Price TargetBuy$13.00 -> $12.00N/AView Rating Details
7/27/2015GuggenheimUpgradeNeutral -> BuyN/AView Rating Details
(Data available from 5/25/2015 forward)


Earnings History for OFG Bancorp (NYSE:OFG)
Earnings by Quarter for OFG Bancorp (NYSE:OFG)
Earnings History by Quarter for OFG Bancorp (NYSE:OFG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/21/20173/31/2017$0.26$0.26$87.50 million$93.69 millionViewN/AView Earnings Details
1/31/2017Q416$0.26$0.27$79.00 million$92.16 millionViewN/AView Earnings Details
10/21/2016Q316$0.25$0.26$72.66 million$97.14 millionViewListenView Earnings Details
7/22/2016Q2$0.25$0.25$89.20 million$88.47 millionViewListenView Earnings Details
4/22/2016Q116$0.24$0.24$92.60 million$88.48 millionViewListenView Earnings Details
2/1/2016Q415$0.28$0.21$94.70 million$89.89 millionViewN/AView Earnings Details
10/23/2015Q315$0.08$0.03$98.80 million$95.03 millionViewListenView Earnings Details
7/24/2015Q2$0.28($0.15)$95.60 million$77.64 millionViewListenView Earnings Details
4/24/2015Q115$0.39$0.21$95.40 million$96.52 millionViewN/AView Earnings Details
1/30/2015Q414$0.35$0.36$101.30 million$106.22 millionViewN/AView Earnings Details
10/23/2014Q314$0.38$0.34$102.50 million$104.36 millionViewN/AView Earnings Details
7/23/2014Q214$0.38$0.38$103.20 million$106.59 millionViewN/AView Earnings Details
4/28/2014Q114$0.34$0.42$109.76 million$108.68 millionViewN/AView Earnings Details
2/3/2014Q413$0.40$0.35$94.35 millionViewN/AView Earnings Details
10/28/2013Q313$0.40$0.34$93.98 millionViewN/AView Earnings Details
7/22/2013Q2 2013$0.37$0.68$89.16 millionViewN/AView Earnings Details
4/25/2013Q1 2013$0.38$0.37$81.19 millionViewN/AView Earnings Details
2/7/2013Q4 2012$0.12$0.35$36.54 millionViewN/AView Earnings Details
10/24/2012$0.17$0.35ViewN/AView Earnings Details
7/23/2012$0.29$0.34ViewN/AView Earnings Details
4/23/2012$0.19$0.23ViewN/AView Earnings Details
10/25/2011$0.27$0.35ViewN/AView Earnings Details
4/29/2011$0.13$0.04ViewN/AView Earnings Details
2/3/2011$0.28$0.08ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for OFG Bancorp (NYSE:OFG)
Current Year EPS Consensus Estimate: $1.09 EPS
Next Year EPS Consensus Estimate: $1.13 EPS


Current Dividend Information for OFG Bancorp (NYSE:OFG)
Most Recent Dividend:4/17/2017
Annual Dividend:$0.24
Dividend Yield:2.46%
Dividend Growth:-9.10% (3 Year Average)
Payout Ratio:23.53% (Trailing 12 Months of Earnings)
22.02% (Based on This Year's Estimates)
21.24% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for OFG Bancorp (NYSE:OFG)

Dividend History by Quarter for OFG Bancorp (NYSE:OFG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for OFG Bancorp (NYSE:OFG)
Insider Ownership Percentage: 2.63%
Institutional Ownership Percentage: 97.46%
Insider Trades by Quarter for OFG Bancorp (NYSE:OFG)
Institutional Ownership by Quarter for OFG Bancorp (NYSE:OFG)
Insider Trades by Quarter for OFG Bancorp (NYSE:OFG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/20/2017Radames PenaDirectorSell6,000$23.72$142,320.00View SEC Filing  
3/2/2017Carlos SouffrontGeneral CounselSell10,000$13.49$134,900.00View SEC Filing  
3/2/2017Ganesh KumarCFOSell17,036$13.12$223,512.32View SEC Filing  
3/2/2017Jose Rafael FernandezCEOSell21,700$13.38$290,346.00View SEC Filing  
2/14/2017Radames PenaDirectorSell10,000$13.42$134,200.00View SEC Filing  
2/3/2017Julian InclanDirectorSell5,000$13.38$66,900.00View SEC Filing  
12/27/2016Carlos SouffrontGeneral CounselSell18,702$13.68$255,843.36View SEC Filing  
12/21/2016Jose Rafael FernandezCEOSell32,980$13.86$457,102.80View SEC Filing  
4/1/2016Rafael MartinezDirectorBuy7,000$6.99$48,930.00View SEC Filing  
2/16/2016Radames PenaDirectorBuy5,000$5.55$27,750.00View SEC Filing  
2/11/2016Radames PenaDirectorBuy5,000$4.69$23,450.00View SEC Filing  
2/4/2016Maritza ArizmendiCAOBuy4,000$5.65$22,600.00View SEC Filing  
1/29/2016Pedro MorazzaniDirectorBuy1,370$5.40$7,398.00View SEC Filing  
1/15/2016Pedro MorazzaniDirectorBuy3,000$5.98$17,940.00View SEC Filing  
1/12/2016Ganesh KumarCFOBuy3,734$6.04$22,553.36View SEC Filing  
1/11/2016Julian InclanDirectorBuy5,000$6.20$31,000.00View SEC Filing  
1/7/2016Jose Rafael FernandezCEOBuy3,000$6.82$20,460.00View SEC Filing  
12/16/2015Cesar A. OrtizSVPBuy600$6.54$3,924.00View SEC Filing  
12/11/2015Ganesh KumarCFOBuy5,000$6.73$33,650.00View SEC Filing  
12/11/2015Jorge ColonDirectorBuy6,000$6.74$40,440.00View SEC Filing  
12/9/2015Jose Rafael FernandezCEOBuy5,000$6.64$33,200.00View SEC Filing  
12/7/2015Ganesh KumarCFOSell1,100$18.01$19,811.00View SEC Filing  
9/2/2015Cesar A OrtizSVPBuy1,000$7.75$7,750.00View SEC Filing  
8/27/2015Josen RossiDirectorBuy7,000$6.90$48,300.00View SEC Filing  
3/4/2015Rafael MartinezDirectorBuy1,000$16.95$16,950.00View SEC Filing  
2/24/2015Josen RossiDirectorSell6,829$17.40$118,824.60View SEC Filing  
2/12/2015Josen RossiDirectorSell5,000$17.50$87,500.00View SEC Filing  
6/19/2014Rafael MartinezDirectorBuy1,065$18.85$20,075.25View SEC Filing  
6/18/2014Radames PenaDirectorBuy5,000$18.48$92,400.00View SEC Filing  
6/3/2014Norberto GonzalezEVPSell3,500$18.36$64,260.00View SEC Filing  
5/1/2014Norberto GonzalezEVPSell2,000$17.25$34,500.00View SEC Filing  
4/30/2014Rafael MartinezDirectorBuy2,965$16.85$49,960.25View SEC Filing  
3/13/2014Norberto GonzalezEVPSell4,000$17.05$68,200.00View SEC Filing  
11/1/2013Rafael MartinezDirectorBuy1,000$14.86$14,860.00View SEC Filing  
12/24/2012Julian InclanDirectorBuy5,000$12.93$64,650.00View SEC Filing  
12/12/2012Ganesh KumarCFOBuy2,645$12.37$32,718.65View SEC Filing  
11/30/2012Jose Rafael FernandezCEOBuy3,000$11.72$35,160.00View SEC Filing  
11/23/2012Jose Rafael FernandezCEOBuy5,000$11.64$58,200.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for OFG Bancorp (NYSE:OFG)
Latest Headlines for OFG Bancorp (NYSE:OFG)
finance.yahoo.com logoETFs with exposure to OFG Bancorp : May 11, 2017
finance.yahoo.com - May 11 at 7:28 PM
nasdaq.com logoCash Dividend On The Way From OFG Bancorp's 7.125% Non-cumulative Monthly Income Preferred Stock, Series A
www.nasdaq.com - May 10 at 11:53 AM
finance.yahoo.com logoOFG Bancorp :OFG-US: Earnings Analysis: Q1, 2017 By the Numbers : May 9, 2017
finance.yahoo.com - May 9 at 11:20 AM
americanbankingnews.com logo Brokerages Anticipate OFG Bancorp (OFG) to Announce $0.26 EPS
www.americanbankingnews.com - May 5 at 11:44 PM
americanbankingnews.com logoOFG Bancorp (OFG) Given Daily Media Impact Score of 0.18
www.americanbankingnews.com - May 3 at 9:38 PM
americanbankingnews.com logoZacks: Brokerages Anticipate OFG Bancorp (OFG) Will Announce Earnings of $0.26 Per Share
www.americanbankingnews.com - May 2 at 3:52 PM
americanbankingnews.com logoVery Positive Press Coverage Likely to Affect OFG Bancorp (OFG) Stock Price
www.americanbankingnews.com - April 29 at 9:44 AM
finance.yahoo.com logoOFG Bancorp breached its 50 day moving average in a Bullish Manner : OFG-US : April 27, 2017
finance.yahoo.com - April 27 at 10:12 AM
americanbankingnews.com logoOFG Bancorp (OFG) Getting Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 27 at 1:08 AM
www.reuters.com - April 22 at 12:31 PM
finance.yahoo.com logoEdited Transcript of OFG earnings conference call or presentation 21-Apr-17 2:00pm GMT
finance.yahoo.com - April 22 at 12:31 PM
americanbankingnews.com logoOFG Bancorp (OFG) Receives Media Sentiment Score of 0.23
www.americanbankingnews.com - April 22 at 12:59 AM
seekingalpha.com logoOFG Bancorp's (OFG) CEO Jose Rafael Fernandez on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 21 at 6:52 PM
finance.yahoo.com logoOFG Bancorp Reports 1Q17 Results
finance.yahoo.com - April 21 at 9:15 AM
finance.yahoo.com logoOFG posts 1Q profit
finance.yahoo.com - April 21 at 9:15 AM
americanbankingnews.com logoOFG Bancorp (OFG) to Release Quarterly Earnings on Friday
www.americanbankingnews.com - April 19 at 7:14 AM
americanbankingnews.com logoOFG Bancorp (OFG) Given Daily Media Sentiment Rating of 0.31
www.americanbankingnews.com - April 18 at 7:33 PM
americanbankingnews.com logoOFG Bancorp (OFG) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
www.americanbankingnews.com - April 13 at 8:30 AM
americanbankingnews.com logo Analysts Expect OFG Bancorp (OFG) Will Post Earnings of $0.26 Per Share
www.americanbankingnews.com - April 11 at 10:47 AM
nasdaq.com logoEx-Div Reminder for OFG Bancorp's 7.0% Noncumulative Monthly Income Preferred Stock, Series B
www.nasdaq.com - April 7 at 7:23 PM
finance.yahoo.com logoOFG’s Oriental Launches 1st Online Personal Loan App in Puerto Rico
finance.yahoo.com - March 31 at 7:07 PM
seekingalpha.com logoPuerto Rico's Bonds Continue To Slump
seekingalpha.com - March 30 at 7:16 PM
finance.yahoo.com logoOFG Bancorp to Report 1Q17 Results and Hold Conference Call on Friday, April 21, 2017
finance.yahoo.com - March 28 at 6:48 PM
thestreet.com logoEx-Div Reminder For OFG Bancorp (OFG)
www.thestreet.com - March 28 at 9:59 AM
americanbankingnews.com logoOFG Bancorp (OFG) Director Sells $142,320.00 in Stock
www.americanbankingnews.com - March 22 at 10:49 PM
thestreet.com logoNovember 17th Options Now Available For OFG Bancorp (OFG)
www.thestreet.com - March 21 at 11:18 AM
finance.yahoo.com logoOFG BANCORP Financials
finance.yahoo.com - March 16 at 7:45 PM
biz.yahoo.com logoOFG BANCORP Files SEC form 10-K, Annual Report
biz.yahoo.com - March 10 at 8:47 PM
streetinsider.com logoOFG Bancorp (OFG) Names Ganesh Kumar as COO; Maritza Arizmendi as CFO
www.streetinsider.com - March 9 at 2:35 AM
finance.yahoo.com logoOFG Bancorp Names Ganesh Kumar as COO, Head of Retail Business; Maritza Arizmendi as CFO
finance.yahoo.com - March 8 at 8:36 PM
finance.yahoo.com logo4:11 pm OFG Bancorp appoints Ganesh Kumar, formerly CFO, as COO and appoints Maritza Arizmendi, most recently Corporate Finance and Chief Accounting Officer, as CFI
finance.yahoo.com - March 8 at 8:36 PM
finance.yahoo.com logoOFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend
finance.yahoo.com - February 23 at 9:17 AM
finance.yahoo.com logoOFG Bancorp Declares Regular Quarterly Preferred Stock Cash Dividends
finance.yahoo.com - February 23 at 9:17 AM
biz.yahoo.com logoOFG BANCORP Files SEC form 8-K, Termination of a Material Definitive Agreement, Financial Statements and Exhibits
biz.yahoo.com - February 8 at 7:55 PM
reuters.com logoBRIEF-OFG Bancorp says Oriental Bank entered into a termination agreement with Federal Deposit Insurance Corp
www.reuters.com - February 8 at 1:07 AM
reuters.com logoBRIEF-OFG Bancorp reports Q4 EPS $0.27
www.reuters.com - February 1 at 8:07 PM
biz.yahoo.com logoQ4 2016 OFG Bancorp Earnings Release - Before Market Open
us.rd.yahoo.com - February 1 at 1:02 AM
finance.yahoo.com logoEdited Transcript of OFG earnings conference call or presentation 31-Jan-17 3:00pm GMT
finance.yahoo.com - February 1 at 1:02 AM
businesswire.com logoOFG Bancorp Reports 4Q16 & 2016 Results
www.businesswire.com - January 31 at 8:00 PM
seekingalpha.com logoOFG Bancorp 2016 Q4 - Results - Earnings Call Slides
seekingalpha.com - January 31 at 8:00 PM
nasdaq.com logoEx-Div Reminder for OFG Bancorp's 7.125% Non-cumulative Monthly Income Preferred Stock, Series A
www.nasdaq.com - January 9 at 7:42 PM
thestreet.com logoReminder - OFG Bancorp (OFG) Goes Ex-Dividend Soon
www.thestreet.com - December 27 at 6:51 PM
nasdaq.com logoOFG Bancorp's Series D Non-Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket
www.nasdaq.com - December 27 at 6:51 PM
finance.yahoo.com logoOFG Bancorp to Report 4Q16 Results and Hold Conference …
finance.yahoo.com - December 20 at 1:15 PM
nasdaq.com logoYieldBoost OFG Bancorp From 1.7% To 16.1% Using Options
www.nasdaq.com - December 11 at 6:05 PM
seekingalpha.com logoOFG Bancorp declares $0.06 dividend
seekingalpha.com - December 2 at 6:40 PM
nasdaq.com logoNoteworthy Friday Option Activity: OFG, ALXN, SCTY
www.nasdaq.com - November 5 at 6:32 PM
finance.yahoo.com logoEdited Transcript of OFG earnings conference call or presentation 21-Oct-16 2:00pm GMT
finance.yahoo.com - October 22 at 10:38 AM
seekingalpha.com logoOFG Bancorp 2016 Q3 - Results - Earnings Call Slides
seekingalpha.com - October 21 at 6:37 PM
businesswire.com logoOFG Bancorp Reports 3Q16 Results
www.businesswire.com - October 21 at 6:37 PM



OFG Bancorp (OFG) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff